Is Amex Platinum a rich card?
Is Amex Platinum a rich card? The American Express Platinum card caters to high-spenders who travel frequently and want a wide range of luxury travel perks and lifestyle benefits. You'll need a high income and at least good credit to qualify.
Should I pay Amex Platinum in full?
Platinum cards must be paid off in full every month. Gold card owners can carry over certain balances with interest.
What is higher than a platinum credit card?
A platinum credit card is usually a bank's most expensive or the top-tier card, second only to a titanium, black or diamond card if offered by the bank. It is often in the form of a rewards credit card.
Is Amex Gold or Platinum better for business?
If you travel often enough use all the upgrades and perks of The Business Platinum Card® from American Express, it could be worth the hefty annual fee. Otherwise, the American Express® Business Gold Card might be a better fit for business owners who want a mix of perks and rewards on their day-to-day spending.
Is Amex considered a luxury card?
Yes, the American Express® Gold Card is considered a luxury card since it's a metal card with premium rewards on dining, groceries, and travel.
Is Amex Platinum a status symbol?
Yes, the American Express Platinum card is considered a status symbol because of its exclusive benefits, high annual fee, and reputation as a premium metal credit card. The American Express Platinum card caters to high-spenders who travel frequently and want a wide range of luxury travel perks and lifestyle benefits.
At what point is the Amex Platinum worth it?
The statement credits alone are worth over $1,400, but they are somewhat limited and don't match most cardholders' spending patterns. As long as you're able to get enough value with this card to cover the $695 annual fee, The Platinum Card® from American Express is worth considering.